Monthly shield volume: $1.81M

+372% growth month-over-month

For April, we set a goal range of $400K to $500K shielded (25% to 57% month-over-month growth). We exceeded that. The shielding process – turning a public coin into a privacy coin – is the first step users need to take, in order to enter the Incognito ecosystem. $1.81M of crypto in 85 different currencies took that step this month (+372% month-over-month growth).

Our total shield volume to date is $3.54M. Here’s a broader look at Incognito’s progress, starting from mainnet launch in Nov 2019.

Validator ecosystem: 316 new validators

+144% growth month-over-month

This month, we focused on making it more accessible for anyone, anywhere in the world to help power privacy. Most notably, Node Pool increased the number of validators by almost 12% – in its very first week.

We aimed to bring 300 Nodes on board. This month, the Incognito network saw the addition of 316 Nodes (144% month-over-month growth), bringing the total number to 1491. The following chart details the growth of the validator ecosystem.

PRV: $0.67

+68% increase month-over-month

It’s been a good month for PRV. Incognito’s native coin enjoyed stable growth, in comparison to the wider volatility of the market. At the time of writing, PRV is $0.67. Its price increased by 68% this month, and is currently up 670% since mainnet launch.

Incognito DEX liquidity

+840% growth month-over-month

Thanks to a spike in liquidity contributions from the community, It is now easier than ever to join the Incognito economy. Thanks to the liquidity rewards initiative, the total value held in DEX pools is now $2M+.

April highlights

In addition to our main utility metrics, both the core team and community improved and built upon all elements of the Incognito project. Here are some highlights.

Wow this is awesome great job everybody! I literally just learned about Incognito about a week ago and I’m super stoked I found it! With the way things seem to be going in the world ( ) most likely privacy will become increasingly desirable and necessary for people - especially in crypto.